Business

The latest business news in Nigeria, Africa and the world.

Buhari Holds Meeting With Ag. Head Of Civil Service, Yemi-Esan
FG To Revive Moribund Textile Industry
The Federal Government of Nigeria has reinstated its commitment towards reviving the Cotton, Garment and Textile industry to create more employment opportunities for Nigerians, Concise News reports.
nipost
NIPOST Clamps Down On Illegal Operators Of Courier Services
The Nigerian Postal Service (NIPOST) has clamped down on Efex Express Limited, Westwood Courier Service and Easy Errand Courier service for illegal operations in the country, Concise News reports.
Reps Summons CBN Governor Over N33bn Pension Deductions
CBN Vows To Continue Implementation Of Cashless Policy
Nigeria's apex bank has said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system.
Food-Garri-cbn emefiele forex cassava
CBN Restricts FOREX For Cassava, By-products
The Central Bank of Nigeria (CBN) has restricted provision of Foreign Exchange (FOREX) for cassava and its by-products. 
Why Buhari Government Must Hike VAT - CBN
How CBN New Charges On Deposit, Withdrawal Affect Ordinary Nigerians
The Central Bank of Nigeria (CBN) on Tuesday said there will be charges on cash withdrawals and deposits on personal and corporate bank accounts.
Emefiele Resumes Second Term As CBN Governor
Emefiele Reveals How Nigeria Spends $1.2bn To Import Fish Annually
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has revealed that about 1.2 billion dollars worth of fish is imported into the country annually.
CBN news
Nigerians React As CBN Approves Charges On Bank Deposits
Nigerians have condemned the plan by the Central Bank of Nigeria (CBN) to implement charges on transactions, Concise News reports.
Banks Disburse N77.4bn For Agro-business Ventures
Dangote Tomato To Distribute Tomato Seeds To Farmers
Dangote Tomato Processing Company has established a Green House for massive production of tomato seeds which it will distribute to tomato farmers.
Reps Summons CBN Governor Over N33bn Pension Deductions
CBN Reschedules September MPC Meeting
The Monetary Policy Committee (MPC) meeting for the month of September has been rescheduled by the Central Bank of Nigeria (CBN), Concise News reports.
Banks Disburse N77.4bn For Agro-business Ventures
GIZ, IFAD To Train Farmers On Financial Literacy
German Society for International Cooperation (GIZ) and the International Fund for Agricultural Development (IFAD) will train 2,000 farmers in Niger on financial literacy.
Flood Affects Maize Output In Jigawa As It Drops By 90%
Jigawa State revealed it has lost 90 per cent of its maize produce this year to flood which wrecked havoc in over 6,000 hectares of farmland in the state, Concise News reports.
Dangote Tomato Processing Factory Shuts Down
The management of Dangote tomato processing factory has announced the shutdown of the company, Concise News reports.
Buhari Constitutes New Economic Management Team
President Muhammadu Buhari has constituted an economic advisory council to replace the current team headed by vice-president Yemi Osinbajo.
Insecurity: Group Advice President Buhari To Tighten Security Borders
7.5 % VAT: Apostle Johnson Suleman Slams Buhari Government
Apostle Johnson Suleman has slammed the President Muhammadu Buhari-led government for proposing to hike Value Added Tax (VAT) to 7.5 %, Concise News reports. 
ezfarming-agri-tech-crowdfunding-investment-platform-nigeria
Top 7 Agri-tech Investment, Crowdfunding Platforms in Nigeria
Over the years, several agritech investment or crowd funding companies have provided funding, training and improved seedlings, among others, for farmers.
Senate To Summon Finance Minister, FIRS Chairman Over VAT Increase
Senate To Summon Finance Minister, FIRS Chairman Over VAT Increase
The Senate Committee on Finance is set to invite the Minister of Finance and the Chairman, Federal Inland Revenue Service, (FIRS) to give details on reasons for the proposed increase in Value Added Tax (VAT).
FIRS Reveals FG Plans To Tax Defaulters Accounts
FIRS Reveals Plans To Regularise Tax Defaulters Accounts
The Executive Chairman of Federal Inland Revenue Service (FIRS), Tunde Fowler, on Thursday said the Federal Government has given a 30-day window to high profile tax defaulters to regularise their tax status with FIRS.
Nigeria Spent $1.4bn On Palm oil Imports In Five Years
Price Of Palm Oil Records Slight Increase In Enugu
The price of palm oil has recorded slight increase in major markets across Enugu metropolis, according to a market survey conducted by the News Agency of Nigeria (NAN) on Saturday.
FIRS Recovers N97.7bn From Tax Defaulters’ Bank Accounts
The Executive Chairman of FIRS, Mr Babatunde Fowler in Abuja on Wednesday at the 49th Annual Accountant Conference of the Institute of Chartered Accountants of Nigeria (ICAN) disclosed that N97.7bn has been recovered from tax defaulter's bank account through charge ordered by the tax agency.
PDP Reacts To Increase Of VAT From 5% To 7.2%
Why Buhari Govt Increased VAT From 5 to 7.2 Percent
The President Muhammadu Buhari administration has approved an increase in Nigeria's Value Added Tax (VAT) from five per cent to 7.2 per cent effective next year.
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